Education services firm Educomp Solutions Ltd has acquired 50 percent stake in Mumbai-based EuroKids International Pvt Ltd for 390 million rupees to expand in pre-school education.
Commenting on the partnership, Mr. Shantanu Prakash, Managing Director, Educomp Solutions Limited, remarked, “Educomp has made a strategic investment in EuroKids to leverage the company's established presence in early child care education. We see immense potential in the early child care education market in India which is highly under served.
Educomp currently has a presence in pre-school segment through its chain known as “Roots to Wings,” which currently has 52 franchisees.The EuroKids Group is one of the largest companies in this space and has an excellent reputation for quality.”Pre-school is very important part of our strategy. We want that the first school of a child should be an Educomp school, we want to catch them young,” Prakash said.
Further speaking on this development, Mr. Uday Mathur, Managing Director, of EuroKids International Private Limited, comments, “Progressively more parents In India understand the need of “Early child care and education” and this segment is growing very rapidly in India. Our partnership with Educomp Solutions will provide our combined resource pool, an opportunity to bring in the best teaching aids and solutions to children across the country.”